Apr 05, 2011 9:11 AM ET
European markets traded lower after Portugal debt drifted closer to external bailout. A rating agency downgraded Portugal debt. European retail sales eased 0.1% in February. Banks in Portugal, Spain and Germany declined.
Apr 05, 2011 8:18 AM ET
Stocks in Mumbai recovered from the losses of near 1% and closed down a fraction. The cross currents of higher crude oil prices and the expectations of higher earnings played out in the market. Sesa Goa soared after the Supreme Court lifted exports ban.
Apr 05, 2011 7:46 AM ET
Stocks in Japan declined as fresh worries arose concerning nuclear power plant. Fishery related stocks declined after Tepco dumped water with low radioactive contamination in Pacific Ocean. Automakers declined after Toyota joins Honda and Nissan in curtailing auto production.
Apr 05, 2011 2:42 PM ET
Australian stocks edged higher after the Reserve Bank of Australia left rates on hold for the fifth month in a row. Australia recorded trade deficit of $205 million in February as coal and iron ore shipments were delayed. The Australian dollar closed at $1.03.
Apr 04, 2011 4:00 PM ET
U.S. stocks struggled to arrest early morning gains after crude oil and commodities were in focus. Deals of $25 billion were announced on Monday. Silver surges to a 3-decade high. Markets in Asia gained and stocks in Japan struggled on supply chain worries.
Apr 04, 2011 2:30 PM ET
UK stocks edged higher in a quiet trading as crude oil prices overshadowed the deal making. Crude oil in London jumped more than 1% to a 30-month high. Vodafone Group sold its stake in France based SFR for nearly €8 billion. Financial industry survey indicated higher activities.
Apr 04, 2011 1:22 PM ET
The cruise operator Ambassadors filed for a bankruptcy protection. Epicor Software agreed to be acquired by private equity funds managed by Apax Partners. Pfizer sold its Capusgel business to KKR for $2.38 billion in cash. Southwest Airlines cancels more than 70 flights.
Apr 04, 2011 1:00 PM ET
U.S. stocks struggle as crude oil prices gain and commodities edge higher. Vodafone agreed to sell its stake in the second largest French mobile telecom operator for $11.3 billion and Pfizer agreed to sell its capsules maker unit for $2.4 billion.
Apr 04, 2011 11:16 AM ET
European markets in a quiet trading focused on banks in Ireland, Italy and Portugal. Italian banks are expected to raise as much as 10 billion euros in the next two months ahead of banks stress tests. Vodafone agreed to sell its 44% stake in SFR to Vivendi and Solvay launched an offer for Rhodia.
Apr 04, 2011 6:52 AM ET
Stocks in Mumbai closed higher after foreign funds flows picked up. The positive momentum in trading carried the Sensex index up 1.5% and extended gains in last ten days to above 9%. Reliance Communications and others deny government charges in telecom licenses scam.